Published on 10/25/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $750,000 principal-protected notes linked to gold, aluminum, copper
By E. Janene Geiss
Philadelphia, Oct. 25 - Lehman Brothers Holdings Inc. priced a $750,000 issue of principal-protected notes due Nov. 1, 2010 linked to a basket of three commodities, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of gold, high grade primary aluminum and grade A copper.
The payout at maturity will be par plus 100% of any gain on the basket. Investors will receive at least par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal-protected notes
|
| Underlying basket: | Equal weights of gold, high grade primary aluminum, grade A copper
|
| Amount: | $750,000
|
| Maturity: | Nov. 1, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 100% of any basket gain; floor of par
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 31
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.5%
|
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